Facebook Reports $10.3 Billion in Revenues

Nov 04, 2017, 01:03

Facebook's quarterly revenue broke the $10 billion mark for the first time.

Within the small print of the social network's impressive results, it has emerged that 10% of its 2.07bn monthly users are now thought to be duplicates of real users, or nearly double its previous estimate of 6% in the previous quarter.

But CEO Mark Zuckerberg sounded a warning note, after a hard few weeks of debate around the role of rogue Russian actors trying to influence the last USA presidential election through Facebook ads and posts. CEO Mark Zuckerberg claimed that focusing on security will definitely have an impact on the company's bottom line, stating that "We're serious about preventing abuse on our platforms". "But none of that matters if our services are used in ways that don't bring people closer together. It may be harder than we realize upfront, it may take longer, and we won't be flawless, but we will get it done", he told investors.

Zuckerberg said that his company is working with other tech companies to help identify and respond to new threats as part a much bigger focus on protecting the security and integrity of the platform and the safety of the community.

Investor enthusiasm may have been tempered by rising costs at the California-based internet giant and executives stressing the company is firmly in "investment mode" while predicting ad growth will slow.

"Sometimes it just takes a trigger event to cause a bunch of people to take their profit and go someplace else, especially if they have decided this is as good as it is going to get at Facebook for a while".

The world's number one social network along with Twitter and Google is under pressure from U.S. politicians over its role in the last presidential election. Revenues were up 47% from a year ago.

While the 10% figure is relatively small compared to Facebook's massive network of users around the world, it still equates to roughly 207m duplicate accounts - quite apart from its additional 60m "fake" accounts. These workers won't all be full-time at Facebookand will include contractors. Monthly users rose 16 per cent to 2.07 billion.

Facebook reported cash available of $38.2 billion at the end of the quarter. "We now discovered, in the last 48 hours, 120,000 Russian-based posts on Instagram", Stretch told the Senate Intelligence Committee hearing. Lawmakers criticized Facebook for not doing more to stop Russians from interfering in American political discourse.

Qualcomm may soon be extended a way out courtesy of Broadcom , which itself supplies Apple with Wi-Fi and Bluetooth combo chips. Based on 2016 revenue, the enlarged company would be the world's third-largest chipmaker behind Intel and Samsung Electronics.

Many people asked me if you would have liked to play more Test cricket. "The game has changed a lot since I started playing". Nehra , who never lost to the conditions, bowled 10 overs in the match and this was proved to be his best ODI performance.

Beal-then 19 years old- was working in the bar when Spacey allegedly followed him outside during a cigarette break. And that it was "more common to find Spacey at the bar of his theater, cornering whoever caught his attention".

Blizzard did not reveal a release date for World of Warcraft Classic , only sharing that they're working on making it a reality. Players will explore the Zandalar empire and the home of Jaina Proudmoore, Kul Tiras.

His denial hasn't deterred Bellamar. "I've known Jeremy Piven for a very long time", Krupa told reporters. "Truth is truth. A rep for Piven issued a stern denial on behalf of the Entourage star late Tuesday in response to Bellamar's allegations.

The department also believes Canada had unfairly subsidized the lumber exports at between 3.3 percent and 18.2 percent. If the ITC agrees with Thursday's decision, the Commerce Department will issue orders to collect the duties.

Nonbank mortgage employment declined in September, the largest drop since January, according to the Bureau of Labor Statistics. That was the largest gain since July a year ago , but was below economists' expectations for an increase of 310,000 jobs.

Dozens of shoppers and employees dropped to the ground and rushed to escape as police cruisers and ambulances raced to the scene. The Walmart remained closed as of Thursday morning, Thornton Mayor Heidi Williams said. "This is a very heinous act", he said.

Bufanda also trained as a professional basketball player, Variety reported , but returned to acting following an injury. His breakout role was in the cult teen series, Veronica Mars where he played a biker gang member, Felix Toombs .

With plenty of points to be won and lost, the title race is still very much on and Arsenal will be confident of bridging the gap. Defensively, Arsenal have improved since Shkodran Mustafi joined the club in the summer but there is still room for improvement.

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